AVAX(Avalanche)&Bitcoin Analysis/ 18.02.22-Right perspective

Friends, I've been talking about the Russia-Ukraine tension for 3-4 days.The constant bad news is making the market nervous and kidnapping investorsbut I also know that big investors who buy as they fall are evaluating these falls.I think these declines are buying opportunities.Let's wait and see.


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If you are ready, shall we begin??


The posts on this page are not investment advice .I am not a financial advisor. Just sharing my thoughts.


My motto is Keep things simple.

Follow the Trendlines, not the Headlines.

I will try to show you what I see.We will look at many altcoin analyzes.

Today,

We will examine 2 charts.
1-(Bitcoin)
2-AVAX(Avalanche)


Let's Start with Bitcoin

Market Cap
$771,681,828,442

Currently Price
$40,582

https://coinmarketcap.com/currencies/bitcoin/

Like i said, i see lows as buying opportunities.If good news comes from the Russia-Ukraine tension, it will reflect positively on the market and a rapid recovery will begin.As for the technical analysis part, as you can see the support-resistance levels i expected.I'm waiting for 2 types of rise,
1- My first expectation is a rapid rise to the 42000 level directly.
2-The second option is that it falls to the 39000 region and reacts from there and rises.



Next is AVAX(Avalanche)

Market Cap
$21,297,519,463

Currently Price
$87.14

https://coinmarketcap.com/currencies/avalanche/

Let's talk about technical analysis,
The yellow horizontal line, which is our support zone, is 87.5.price has received a reaction from here for now but if bitcoin continues to drop a little more,note the blue line coming from the bottom.You see how well it works.If crossed there, our 80.5 horizontal orange support zone will be waiting for us.

I really like this coin and I trust the project of this coin.You ask why?

What Is Avalanche (AVAX)?

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the developmentof bridges.

Who Are the Founders of Avalanche?

Avalanche was launched by Ava Labs, founded by Cornell University professor Emin Gün Sirer, and Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin. Gün Sirer is a veteran in cryptographic research, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper. He was also involved in work on Bitcoin scaling solutions and research on Ethereum before the infamous The DAO hack in 2016.

From that research arose the whitepaper that led to the foundation of Ava Labs in 2018. The project closed a seed round in February 2019 that included investors such as Polychain, Andreessen Horowitz and Balaji Srinivasan. Avalanche closed its initial coin offering in 2020 in under 24 hours, raising $42 million in the process.

What Makes Avalanche Unique?

Avalanche attempts to solve the blockchain trilemma, which posits that blockchains cannot achieve a sufficient degree of decentralization at scale. A consequence of this are high gas fees, as is often the case on Ethereum.

To solve this problem, Avalanche designed three interoperable blockchains.

• The Exchange Chain (X-Chain) is employed to create and exchange the native AVAX tokens and other assets. Similar to the ERC-20 standard on Ethereum, these tokens follow a set of standardized rules. It uses the Avalanche consensus mechanism.

• The Contract Chain (C-Chain) hosts smart contracts and decentralized applications. It has its own Avalanche Virtual Machine, similar to the Ethereum Virtual Machine, allowing developers to fork EVM-compatible DApps. It uses the Snowman consensus mechanism.

• The Platform Chain (P-Chain) coordinates network validators, tracks active subnets and enables the creation of new subnets. Subnets are sets of validators, sort of like a validator cartel. Each subnet can be validating several blockchains, but a blockchain can only be validated by one subnet. It also uses the Snowman consensus mechanism.

This division of computing tasks enables higher throughput without compromising on decentralization. For instance, private blockchains on the network could require its subnet’s validators to be sufficiently geographically decentralized or comply with certain regulations. Following this modular structure, Avalanche improves its interoperability with other blockchains wishing to integrate with the Avalanche ecosystem. Furthermore, the two different consensus mechanisms are designed with each blockchain’s requirements in mind, further improving their efficiency.

source:https://coinmarketcap.com/currencies/avalanche/.

Btw I'm thinking of increasing the analysis of altcoins day by day.

Those were my market comments today, thank you for reading.

See you again soon. I will be here after this.
Respects.